Find something »

Tell your friends you like LongList


Long Term Supply Curve And Economic Profit Microeconomics Khan Academy

Understanding the long term supply curve in terms of economic profit Watch the next lesson: ...

More like this...

,
Why it is hard for a monopolisitc competitor to make economic profit in the long run Watch the next lesson: ...

More like this...

,
Difference between a firm's accounting and economic profit Watch the next lesson: ...

More like this...

,
Why it is rational to produce at a loss Watch the next lesson: ...

More like this...

,
Looking at marginal and average total cost in the context of a juice business Watch the next lesson: ...

More like this...

,
In this video I explain the idea of what happens to output and costs in the long-run. I cover two similar but different ideas: increasing retruns to scale and ...

More like this...

,
Conditions for perfect competition. Looking at the airline industry Watch the next lesson: ...

More like this...

,
Thinking about why aggregate supply may not be influenced by prices in the long-run Watch the next lesson: ...

More like this...

,
Equilibrium price and quantity for supply and demand Watch the next lesson: ...

More like this...

,
In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph ...

More like this...

,
Thinking about how much incremental benefit a firm gets from hiring one more person Watch the next lesson: ...

More like this...

,
Looking at the supply curve as an opportunity cost curve. Understanding the producer surplus as the area between the supply curve and the market price Watch ...

More like this...

,
Every firm would love to earn economic profits in the long-run. This is, after all the whole reason firms exist: to earn profits! But in perfectly competitive markets ...

More like this...

,
This video outlines the economic distinction between the short run and the long run. For more information and a complete listing of videos and online articles by ...

More like this...

,
Mr. Clifford's 60 second explanation of perfect competition in the short run with a firm making profit. The firm is a price taker and price is set by the market at $10.

More like this...

,
Understanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward ...

More like this...

,
A brief video demonstrating perfectly competitive firms earning economic profits, losses, and then having to shut-down in the short-run. Part 1 of this series can ...

More like this...

,
Mr. Clifford explains the difference between explicit costs and implicit costs and the idea of economic profit. By the way, it's a joke. Economists and accountants ...

More like this...

,
Mr. Clifford's 60 second explanation of perfect competition in the long run. The firm starts in the short run making profit and then firms enter driving the price down ...

More like this...

,
Justifications for the aggregate supply curve to be upward sloping in the short-run Watch the next lesson: ...

More like this...

,